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Manchester City have not yet held their victory parade after edging Liverpool in a thrilling Premier League title race but already they are plotting for next season.

The champions are not alone.

A huge summer splurge on transfer fees is likely after Premier League spending fell last year, in part due to a short window for clubs to complete their business between the end of the World Cup and a new transfer deadline, which fell before the season began.

The Premier League's transfer deadline will again come before most of the rest of Europe, on August 8, meaning clubs cannot afford to waste time.

The window for domestic deals opens on Thursday. International transfers can be completed from June 11.

The champions may have claimed a remarkable 198 points over two title-winning campaigns, but Pep Guardiola promised they will come back stronger next season and are likely to invest heavily for a variety of reasons.

A potential transfer ban due to a FIFA investigation over the recruitment of foreign minors and third-party ownership means this may be City's last chance to sign players for at least 18 months.

City could also face a season's ban from the Champions League by UEFA over financial fair play irregularities. If imposed, the sanction would likely be enforced for the 2020/21 campaign, giving City another chance next season to win the competition for the first time.

Atletico Madrid's Rodri, who has a 70-million-euro buyout clause, has reportedly been targeted as the long-term replacement for 34-year-old Fernandinho in the holding midfield role.

Liverpool were the biggest Premier League spenders by a distance last summer and their 170-million euro investment was richly rewarded with the third-highest Premier League points tally ever and a return to the Champions League final.

No such splurge is expected at Anfield this summer as Klopp fine-tunes to dislodge City.

The Argentine, though, has been putting pressure on the famously frugal Tottenham board to back him this summer now the club have moved into their new 62,000-capacity home, which cost more than 1 billion euro and has slowed Spurs' spending in recent seasons.